Mining and exploration company Critical Metals has reached an agreement with its largest shareholder European investment company NIU Invest to subscribe for £2.5-million of convertible loan notes under a new convertible loan note instrument on similar terms to the £2.1-million convertible loan instrument that it had created in December 2025.
The funds raised under the convertible loan note instrument are intended to provide Critical Metals with the capital it needs for at least the next 12 months and will be used to explore acquisition opportunities in mining and exploration, as well as production activities at the company’s Molulu copper/cobalt project, in the Democratic Republic of Congo, and for general working capital.
The terms of the agreement between Critical Metals and NIU Invest include the issuing of convertible loan notes worth £1.1-million on or before December 31; £1-million on or before May 31, 2027; and £400 000 to be applied to repay the sums owing under the facility provided to Critical Metals by NIU Invest in July 2025.
The main terms of the 2025 convertible loan note instrument mature 18 months from its issue date and carry a 10% yearly interest rate payable upon maturity.
Noteholders can convert their holdings into ordinary shares at a fixed price of £10.25 a share. Alternatively, the instrument may be redeemed at the noteholder’s option at any time subject to certain restrictions and will be repayable in cash at the end of the term.
“We are pleased to have secured a further commitment from NIU to provide capital to help us develop the company’s business,” Critical Metals CEO Danilo Lange says.